Amcor (AMC)

Deutsche Bank retained its “buy" rating on
Amcor
with the stock trading at a 2 per cent discount to its revised valuation of $10.50 a share and at 14.2x FY15e earnings.

“We estimate the dividend yield in FY15 to be 4.8 per cent. Our earnings forecasts and valuation have been adjusted for the demerger of Orora, formerly the Australasian and Packaging Distribution business of Amcor (AAPD), which accounted for 22 per cent of sales revenue and 13 per cent of group earnings," Deutsche said.